Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
GOP donor John Childs has given over $330,000 to Republican fundraising committees since being charged with soliciting prostituion.Politicsread more
Trading volumes this week are well below recent averages, and that means this comeback may be suspect.Marketsread more
Stocks in major Asian stock markets mostly closed higher on Friday. Meanwhile, China's trade with the U.S. declined in the first half of the year, amid an impasse between the two economic giants.
Australia's slipped 0.29% to close at 6,696.50.
Mainland Chinese stocks rose on the day, with the Shanghai composite up 0.44% to 2,930.55 and the Shenzhen composite 0.506% higher to 1,556.77. The Shenzhen component also gained 0.66% to close at 9,213.38.
Hong Kong's Hang Seng index added 0.23%, as of its final hour of trading. Overall, MSCI's broadest index of Asia-Pacific shares outside Japan declined fractionally.
Data on Friday showed that China's dollar-denominated exports fell 1.3% in June from a year ago while imports fell 7.3% in the same period. Economists polled by Reuters had expected China's June exports to have declined 2% from a year ago, while imports were expected to have contracted 4.5% from a year earlier.
In the first half of the year, China's total trade with the U.S. was down 9%, customs data showed.
Gross domestic product in Singapore fell 3.4% in the April-June period as compared to the previous quarter on an annualized and seasonally adjusted basis, according to preliminary data released Friday. That widely missed expectations of a 0.1% quarter-on-quarter increase from a Reuters poll.
Compared with a year earlier, GDP grew 0.1% in the second quarter — the slowest year-on-year growth since the second quarter of 2009 — also less than the forecast of a 1.1% expansion in a Reuters poll.
Despite the poorer-than-expected data print, Singapore's markets recovered from their earlier slip, with the Straits Times Index trading 0.1% higher in the afternoon.
"This is pretty bad," Sian Fenner, lead Asia economist at Oxford Economics, told CNBC's "Squawk Box" on Friday. "We were looking for a negative contraction (quarter-on-quarter) just given the fact that we have seen the manufacturing numbers being so weak, we have seen the export figures contract as well, but this was a big miss."
"Singapore is ... really flirting with recession now," Fenner said.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.913 after touching an earlier high of 97.116.
The traded at 108.34 against the dollar after weakening from levels below 108.0 in the previous session, while the changed hands at $0.6999 after trading below $0.695 earlier in the week.
Oil prices rose in the afternoon of Asian trading hours, with the international benchmark Brent crude futures contract adding 0.78% to $67.04 per barrel and U.S. crude futures rising 0.73% to $60.64 per barrel.
— Reuters and CNBC's Fred Imbert contributed to this report.